Senior Loan Administrator - Private Banking

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, California, Beverly Hills
9355 Wilshire Boulevard (Show on map)
Jan 07, 2025
Job Title: Senior Loan Administrator - Private Banking Location: Beverly Hills What you'll do: Western Alliance is seeking an ambitious Senior Loan Administrator to support our Private Client Group (PCG) and our Private Mortgage initiative. Sr Loan Admins are responsible for completing all tasks involved with the successful origination and closing of loan products including Commercial & Industrial, Commercial Real Estate, Asset-Based lending, Small Business Administration, Construction, and Mortgage Lending. You will serve as the liaison with many internal and external parties including the Lending Origination Officer, borrower, third-party closing agents (such as escrow and title companies), Documentation and Compliance, Credit Administration and Loan Servicing. Loan Administrators work with the Lending Origination Officer to gather the appropriate documentation and collateral from the Borrower, verifying documents and researching information, as needed. In this role you'll work with partners to resolve any issues or obstacles to closing (e.g. liens, judgments, insurance, title exceptions, trust review) with appropriate parties and confirm all loans are closed in compliance with company procedures and relevant regulations. Build strong relationships with Private Client Group colleagues and clients. The Sr Loan Administrator will be a part of the loan process from inception to completion. Will ensure submissions comply with bank policies and procedures and completed loan documentation is accurate and properly maintained. Demonstrate proficiency in Loan Operating Systems Depending on loan type, will book and disburse the loan; ensures all fees are properly and fully collected at closing; Follow up on post-closing exceptions and receipt of original signed documents; processes loan disbursement requests, wire transfers and payments for commercial credit and closing-related vendor services. Responsible for transmittal of loan package to Loan Servicing. Depending on loan type, will aid in Pipeline Management by coordinating with Mortgage Production and Mortgage Processing Teams to oversee workflow, processing, and loan delivery. Assist Loan Officers and Loan Processors in gathering documentation necessary for a complete file (i.e. W-2, bank statements, VOM,paystubs) Follow up on inquiries, communication, and tasks from Loan Processing/Operations Team, as well as with clients. What you'll need: High school diploma or equivalent and at least 4 years or more of related experience, education and/or training required. Intermediate knowledge of lending regulations and closing procedures, title and insurance policies Intermediate knowledge and ability to close all loan types including specialty lending - hypothecation, mortgage warehouse, syndication, municipal, participation, gaming and homebuilder finance/borrowing base administration. Ability to work independently with little supervisory oversight. Ability to train and mentor less experienced loan administrators. NMLS licensed Mortgage Loan Originator (MLO), is preferred. Compensation: Hourly range for new hires is generally $92,450.00 - $114,192.00 for Beverly Hills, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation